Mirae Asset Global Investments Co. Ltd. Sells 44,477 Shares of Affirm Holdings, Inc. $AFRM

Key Points

• Mirae Asset Global Investments Co. Ltd. sold 44,477 shares of Affirm Holdings, Inc., decreasing its stake by 96.5% during the 2nd quarter, now holding only 1,607 shares valued at $111,000.
• Affirm's recent earnings report showed a quarterly revenue of $876.42 million, which was above analyst estimates, and an EPS of $0.20, surpassing expectations of $0.11.
• Affirm's stock has received multiple price target upgrades from analysts, with targets ranging from $72.00 to $95.00, and the average rating for the stock is classified as Moderate Buy.

Mirae Asset Global Investments Co. Ltd. decreased its position in Affirm Holdings, Inc. (NASDAQ:AFRM - Free Report) by 96.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,607 shares of the company's stock after selling 44,477 shares during the period. Mirae Asset Global Investments Co. Ltd.'s holdings in Affirm were worth $111,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in AFRM. Wealth Enhancement Advisory Services LLC acquired a new position in Affirm during the 4th quarter valued at about $228,000. GAMMA Investing LLC grew its holdings in Affirm by 10.0% during the 1st quarter. GAMMA Investing LLC now owns 4,596 shares of the company's stock worth $208,000 after acquiring an additional 419 shares during the period. Handelsbanken Fonder AB grew its holdings in Affirm by 5.9% during the 1st quarter. Handelsbanken Fonder AB now owns 62,500 shares of the company's stock worth $2,824,000 after acquiring an additional 3,500 shares during the period. Mission Wealth Management LP grew its holdings in Affirm by 4.1% during the 1st quarter. Mission Wealth Management LP now owns 20,303 shares of the company's stock worth $917,000 after acquiring an additional 803 shares during the period. Finally, Sowell Financial Services LLC acquired a new stake in Affirm during the 1st quarter worth $225,000. 69.29% of the stock is currently owned by institutional investors and hedge funds.

Affirm Stock Performance

Shares of AFRM opened at $71.14 on Friday. Affirm Holdings, Inc. has a twelve month low of $30.90 and a twelve month high of $100.00. The company has a debt-to-equity ratio of 2.55, a quick ratio of 11.54 and a current ratio of 11.54. The firm's 50 day moving average price is $80.23 and its two-hundred day moving average price is $64.01. The firm has a market cap of $23.17 billion, a P/E ratio of 547.27, a PEG ratio of 4.71 and a beta of 3.58.

Affirm (NASDAQ:AFRM - Get Free Report) last issued its quarterly earnings data on Thursday, August 28th. The company reported $0.20 EPS for the quarter, topping analysts' consensus estimates of $0.11 by $0.09. The business had revenue of $876.42 million for the quarter, compared to analyst estimates of $834.94 million. Affirm had a net margin of 1.62% and a return on equity of 1.80%. The firm's quarterly revenue was up 32.9% on a year-over-year basis. During the same period last year, the business posted ($0.14) earnings per share. Affirm has set its FY 2026 guidance at EPS. Q1 2026 guidance at EPS. On average, analysts forecast that Affirm Holdings, Inc. will post -0.18 EPS for the current fiscal year.

Insider Activity at Affirm

In other Affirm news, CAO Siphelele Jiyane sold 25,533 shares of the business's stock in a transaction that occurred on Thursday, September 4th. The stock was sold at an average price of $90.71, for a total value of $2,316,098.43. Following the sale, the chief accounting officer owned 226,467 shares in the company, valued at approximately $20,542,821.57. The trade was a 10.13% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Michael Linford sold 184,200 shares of the business's stock in a transaction that occurred on Friday, August 22nd. The shares were sold at an average price of $80.09, for a total value of $14,752,578.00. Following the completion of the sale, the chief operating officer owned 109,840 shares in the company, valued at $8,797,085.60. The trade was a 62.64% decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,844,552 shares of company stock valued at $154,885,240 over the last ninety days. Company insiders own 11.82% of the company's stock.

Wall Street Analysts Forecast Growth

AFRM has been the topic of several recent research reports. Truist Financial raised their price target on Affirm from $72.00 to $95.00 and gave the stock a "buy" rating in a research report on Friday, September 12th. JPMorgan Chase & Co. increased their target price on Affirm from $91.00 to $94.00 and gave the company an "overweight" rating in a research note on Friday, August 29th. Oppenheimer set a $80.00 price target on Affirm and gave the company an "outperform" rating in a research note on Monday, July 21st. Morgan Stanley set a $90.00 price target on Affirm in a research note on Friday, August 29th. Finally, Barclays boosted their price objective on shares of Affirm from $67.00 to $80.00 and gave the company an "overweight" rating in a report on Monday, June 30th. Two investment analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and eleven have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $82.65.

Affirm Profile

Affirm Holdings, Inc operates a platform for digital and mobile-first commerce in the United States, Canada, and internationally. The company's platform includes point-of-sale payment solution for consumers, merchant commerce solutions, and a consumer-focused app. Its commerce platform, agreements with originating banks, and capital markets partners enables consumers to pay for a purchase over time with terms ranging up to 60 months.

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